Hong Kong crypto exchanges face shutdown deadline

Hong Kong’s Securities and Futures Commission (SFC) has warned cryptocurrency exchanges operating without proper licensing in the region. As of February 29, exchanges that failed to file for licenses must initiate winding up procedures, with a final deadline of May 31, 2024. Regulatory crackdown and compliance measures The SFC’s directive signals a tightening of regulatory […] source: https://www.cryptopolitan.com/hong-kong-crypto-exchanges-face-shutdown/